1.1500-1.1510 was a strong support that kept bear attack.
Our pair is above 20-MA. This could signalize about movement UP.
Core points are 1.1715 and 1.1800.
Have a good trading week.
Just like many of the Texas Shale oil companies during the oil downturn with massive debt, Sears is what we're calling "Walking Dead" of the retail industry. The recent rally of price has likely come from many of the shorts closing their positions at large profits, and the huge drop has come from professional and retail traders alike identifying an opportunity to...
With Wynn Resorts (WYNN) continuing a relatively strong uptrend its bullish reversal move on 2/27/2017, the ticker pulled back almost to a closeout point at its middle offset moving average.
But opportunity struck today with the only open risk remaining on earnings. The stock pulled a large momentum move as we scanned following our loss on Netflix (NFLX). We...
Today's was a Netflix ($NFLX) trade. Check out our profile link to read more.
Synopsis:
Netflix (NFLX) has had a really strong uptrend run since the election and has gained a massive percent since their last earnings call. Unfortunately, the most recent quarterly earnings caused a clearly evident swing in emotions of traders, because the price crashed almost 1%...
Utilizing our system, AAPL currently has ~76% chance of a trend reversal based upon 3 years worth of price data. Therefore, with a $2 risk to set up for a counter trend entry, AAPL may be ripe for a $145/$146 Credit Spread.
This sets a max profit of 53% ROR/ROI. Stop loss is above the reversal bar on market close.
Implied volatility is increasing due to...
Those who do not learn from history are bound to repeat it. To us, 2017 is starting to look more and more like 1999-2001, with some B.S. from 2007 sprinkled in. Our evidence to support the argument is pretty substantial, but the only weakness lies in how long the music can continue to play. We don’t like to make predictions of stocks or market direction...
We've been riding the Apple run-up train ever since late January, with arguably the cleanest uptrend since Summer 2015 that made your average weekly call option trader a boatload of cash. While we've been redesigning our site heavily due to customer feedback, we've been executing our trades on the side, and AAPL is no exception.
But be forewarned, no trend lasts...
